ribbitrewards (OP)
Newbie
 Offline
Activity: 7
Merit: 0
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November 14, 2014, 03:04:52 PM
Last edit: August 03, 2016, 07:20:59 PM by ribbitrewards |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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KeyserSozeMC
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November 14, 2014, 03:05:35 PM |
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Good luck, wibbits!  |
Hey, smexy. Don't waste your time. Time's precious.
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raskul
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November 14, 2014, 03:07:15 PM |
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half a million dollars for an exchange?
Bounties
Decentralized Exchange $500,000
Chief Compliance Officer $50,000
Solar System $40,000
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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uki
Legendary
Offline
Activity: 1358
Merit: 1000
cryptojunk bag holder
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November 14, 2014, 03:15:22 PM |
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ok, added to my watchlist.
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this space is intentionally left blank
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raskul
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November 14, 2014, 03:16:26 PM |
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Good luck, wibbits! thank you! half a million dollars for an exchange?
Bounties
Decentralized Exchange $500,000
Chief Compliance Officer $50,000
Solar System $40,000
OK, please elaborate on what requirements you have for a Decentralized Exchange - what, in your eyes, does this entail please? |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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raskul
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November 14, 2014, 03:25:39 PM |
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OK, please elaborate on what requirements you have for a Decentralized Exchange - what, in your eyes, does this entail please?
Imagine OpenBazaar but exclusively for trading coins in a trust less manner. you are going to make me google OpenBazaar? sorry i don't work for cryptic bosses so i'll wish you all the best in your endeavour. |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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joblessape
Newbie
Offline
Activity: 21
Merit: 0
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November 14, 2014, 03:36:28 PM |
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OK, please elaborate on what requirements you have for a Decentralized Exchange - what, in your eyes, does this entail please?
Imagine OpenBazaar but exclusively for trading coins in a trust less manner. you are going to make me google OpenBazaar? sorry i don't work for cryptic bosses so i'll wish you all the best in your endeavour. If you dont know what OpenBazaar is you cant do what they are looking for anyways. |
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BlackMarket
Sr. Member
Offline
Activity: 322
Merit: 250
Super Smash Bros. Ultimate Available Now!
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November 14, 2014, 05:56:39 PM |
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interesting
how much i get with free aridrop and paid airdrop?
and how much must i pay for paid airdrop ?
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bitass
Member
Offline
Activity: 83
Merit: 10
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November 14, 2014, 11:17:09 PM |
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how many total coins supply is it 200m?
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joblessape
Newbie
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Activity: 21
Merit: 0
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November 15, 2014, 01:48:00 PM |
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how many total coins supply is it 200m?
I think the 200m is for the market driven airdrops.. Have you seen that you can get nearly $3 just for signing up? |
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joblessape
Newbie
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Activity: 21
Merit: 0
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November 15, 2014, 01:59:10 PM |
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how many total coins supply is it 200m?
1B at launch 500M per year forever. So since RibbitRewards are part of a Rewards Program we decided to do it this way. That model makes sense because as a rewards program you will always need new coin to pay the proof of transaction. Incredibly clever! |
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Greg Simon
Newbie
Offline
Activity: 1
Merit: 0
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November 15, 2014, 03:20:50 PM |
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What's cool about this idea is when merchants and marketplaces start to offer RibbitRewards to their customers it does two things:
1. It costs the merchant or marketplace nothing to offer it. The value comes from the blockchain. There is a strong incentive for them to offer it!
2. Once a merchant or marketplace is integrated ALL of their customers who transact are now RibbitRewards users. The growth of demand is built right in.
The user base can grow very rapidly. Consumers don't have to change any behavior whatsoever.
The best part though is the last step, after merchants and marketplaces are offer it as rewards they will want to offer MORE to their best customers. But the value is coming from the blockchain so to offer more RibbitRewards to their best customers the merchants or marketplaces must somehow get MORE from somewhere else. The best and easiest place to get that is, to allow their customers to PAY for things in RibbitRewards, or, merchants now accepting RibbitRewards as payment.
That, is the final step to a viral network effect. It is something Bitcoin struggles with, because Bitcoin does not have the previous step, of merchants being able to offer it for free as purchase rewards. There really is no reason for merchants to want to allow their customers to pay in Bitcoin because they have no need for Bitcoin. But there is a reason for merchants to want to allow their customers to pay in RibbitRewards because they DO have a need for RibbitRewards.
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joblessape
Newbie
Offline
Activity: 21
Merit: 0
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November 15, 2014, 05:12:30 PM |
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What's cool about this idea is when merchants and marketplaces start to offer RibbitRewards to their customers it does two things:
1. It costs the merchant or marketplace nothing to offer it. The value comes from the blockchain. There is a strong incentive for them to offer it!
2. Once a merchant or marketplace is integrated ALL of their customers who transact are now RibbitRewards users. The growth of demand is built right in.
The user base can grow very rapidly. Consumers don't have to change any behavior whatsoever.
The best part though is the last step, after merchants and marketplaces are offer it as rewards they will want to offer MORE to their best customers. But the value is coming from the blockchain so to offer more RibbitRewards to their best customers the merchants or marketplaces must somehow get MORE from somewhere else. The best and easiest place to get that is, to allow their customers to PAY for things in RibbitRewards, or, merchants now accepting RibbitRewards as payment.
That, is the final step to a viral network effect. It is something Bitcoin struggles with, because Bitcoin does not have the previous step, of merchants being able to offer it for free as purchase rewards. There really is no reason for merchants to want to allow their customers to pay in Bitcoin because they have no need for Bitcoin. But there is a reason for merchants to want to allow their customers to pay in RibbitRewards because they DO have a need for RibbitRewards.
The fact that users get rewarded with blockchain technology with out changing their behavior is HUGE! We live in a world where just one extra step can stand inbetween success and failure of an ideology. |
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CryptoHobo
Legendary
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Activity: 1050
Merit: 1000
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November 15, 2014, 07:33:03 PM |
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This looks quite interesting. I'm probably out I avoid social media like the plague
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Gladimor
Legendary
Offline
Activity: 1050
Merit: 1000
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November 16, 2014, 12:19:15 AM |
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You are paying $50,000 for a solar system? Whattt!!!  |
Mining since 2014
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joblessape
Newbie
Offline
Activity: 21
Merit: 0
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November 16, 2014, 12:23:08 AM |
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You are paying $50,000 for a solar system? Whattt!!! That's exactly what I thought 2 haha! |
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TrinityCoin
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November 16, 2014, 12:23:40 AM |
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Solar systems are cool. I like the idea of this ribbit more by the day.
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Jackson86
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November 16, 2014, 01:32:16 PM |
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You are paying $50,000 for a solar system? Whattt!!! That's exactly what I thought 2 haha! what? solar system? why not the Milky Way guy that would be more huge |
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abstractednerve
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November 18, 2014, 01:40:00 PM |
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You are paying $50,000 for a solar system? Whattt!!! That's exactly what I thought 2 haha! what? solar system? why not the Milky Way guy that would be more huge The Ribbit Way!  Have you signed up yet? I just signed up. $10 for free is something I simply cannot pass up. |
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